Costa Rica Exports $39 million Worth of Scrap

Costa Rican exports of scrap iron and steel grew by 40% between 2010 and 2011.

Thursday, July 26, 2012

In the past five years the number of exporters of scrap iron and steel has nearly doubled going from 34 to a total of 58 according to the Foreign Trade Promotion Office, Procomer.

Taiwan with 42% and South Korea with 17% are the main destinations for Costa Rican exports of scrap metal.

"They are followed by the United States (8%), Ecuador (7%), China and Guatemala (4%) and a host of other destinations which account for 18%", reported Nacion.com

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Change in Rules for Export of Scrap

January 2012

Guatemala's government has changed the rules, by decree, regarding licences for exporting scrap metal.

In agreement number 32.2012, the Executive sets an annual quota of 30,000 metric tons for scrap metal, to be awarded with export licenses.

The quota applies to waste and scrap ingots of iron or steel, cast iron, alloy steel, stainless steel, tinned iron or steel, turnings, shavings, and cuttings.

Costa Rican Exports Maintain Positive Trend

August 2011

Between January and July 2011, the value of overseas sales of goods grew by 6.6% compared to the same period in 2010.

A press release by the Ministry of Foreign Trade (COMEX) reads:

Costa Rican exports have maintained their growth trend. This is evident from the monthly report provided by the Foreign Trade Corporation of Costa Rica, PROCOMER.

Costa Rica Exported $15,379 million in 2011

January 2012

Exports of goods grew of 11% and services 15.9%.

A press release from the Foreign Trade Promoter (Procomer) reads,

"San Jose, January 18, 2012. Costa Rica exported $15,379 million during 2011, surpassing in $779 million the targets set for that period.

"This is a good year for Costa Rican exports.

Taiwan As an Export Market for El Salvador

April 2012

In 2011 these exports grew by 126% compared to 2010, while there is still much to take advantage of in the FTA in place with the market that is a bridge to China.

Last year, in 2011, exports totaled $33.3 million, which is 126% more than 2010. The increase in revenue was generated primarily by sugar cane and molasses.

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